KPI Green Energy to raise Rs 3200 crore from SBI, top executives say

India’s KPI Green Energy is set to raise 32 billion rupees ($363.39 million) through a loan from the country’s largest lender to expand production capacity at its renewable power plants, top KPI executives told Reuters on Tuesday.

The loan approval comes amid the Indian government’s green energy push targeting 500 gigawatts of non-fossil capacity by 2030, and, according to analysts, stands out as one of the larger deals in the sector’s recent history.

KPI Green Energy develops, builds, and manages renewable power facilities, specialising in solar, wind and hybrid power solutions.